The company operates as a federal savings bank and is headquartered at 300 North Beretania Street, right outside of Honolulu’s Chinatown and the downtown financial district.

The following year, on April 24, another association filed articles of incorporation under the name of American Building and Loan Company.

Ten years later, the corporate name was changed to American Savings and Loan Association.

On January 23, 1987, American Savings and Loan Association announced the formation of a separate subsidiary to conduct its operations.

On May 26, 1988, Hawaiian Electric Industries (HEI), parent company of Hawaiian Electric Company, acquired American Savings Bank from Salt Lake City-based American Savings and Loan Association.